Rates are still great!! But, for how long is the real question…

There is not doubt that low interest rates have made buying or refinancing a home very attractive for the past year or so. Unfortunately, how long those rates will remain low is now a serious question to ponder for potential buyers and sellers. Recently, the Federal Reserve has slowed down the purchase of US bonds which some say (and I believe) is the reason why interest rates have remained low for the period. Common sense will say that rates will begin to rise slowly as the market will have to “self correct” to what rates should be without any “artificial stimulation”. So…with all that said, is it time to lock in low rates for the long term…or is it time to roll the dice a little longer? I do know one thing…it’s always better to “be a pig and get fat, and not a hog and get slaughtered”